Gresham's October First-Time Homebuyer Report

Gresham is a city in Oregon that has seen an 18.1% increase in population over the last 10 years. Despite only being ranked 112th for growth, it's the fourth-most populated city with 105,594 residents. Homes in Gresham are relatively old with a median age of 29 years. Leading the list of best schools in the city are Sweetbriar Elementary School and Walt Morey Middle School.

Culture

According to Foursquare, if shopping is your thing, you might enjoy Fred Meyer, Best Buy, and WinCo Foods. You might also try The Pub Course - McMenamins Edgefield and Springwater Corridor Trail, a few popular places to experience the outdoors. Lastly, Edgefield Concerts On The Lawn and Regal Cinemas Division Street 13 are well-known places for arts and entertainment.

Price Range

Homes in Gresham are worth a median of $176,000, similar to other parts of Oregon. Additionally, the list prices of available homes is currently at an average of $300,342. In this week's report, the number of homes sold in the Gresham market slid to 111 over the past 30 days. It marked a decrease of 9.8% from last week's report and a fall below the monthly average.

Make sure you take a look at these eye-catching homes in Gresham that generated the most views from potential buyers:

$195K   $265K   $159K  

Typical Dwelling

The typical dwelling in Gresham is a three-bedroom detached home worth about $280,792. To purchase a similar home, a buyer with good credit and a $56,158 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,413 monthly payment. The property tax rate is $12.55 per $1,000 of taxable assessed value.

Get started right now by checking out Gresham homes for sale or reviewing Gresham real estate trends.


Data reported through 10/13/2016

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